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MYSTERIOUS: 32 | Mind Blowing Facts

Average London house price up 1.2 per cent annually as sub-4% mortgages return

Halifax said it expects house prices ‘to continue a modest upward trend throughout the remainder of this year’

Evening Standard

Average UK house prices rise more than expected

Annual growth rose to 2.3%, the highest rate since the start of this year

The Independent UK

NS&I puts new two and five-year British Savings Bonds on sale

The two new issues, along with a rate increase for three-year bonds, give savers increased choice, NS&I said.

The Independent UK

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Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

Evening Standard

Don’t be fooled by the interest rate cut – higher rates are here to stay

Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing

The Guardian - UK

Dollar Ends Higher as Stocks Plunge

The dollar index (DXY00 ) Thursday rose by +0.29%. The dollar on Thursday recovered from a 3-week low and posted moderate gains on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week...

Barchart

The Guardian view on interest rate cuts: helpful for some, but costs are too high for too many

Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow

The Guardian - UK

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Dollar Gains on Weakness in the Euro and British Pound

The dollar index (DXY00 ) today is up by +0.13%. The dollar today recovered from a 3-week low and is moderately higher on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week...

Barchart

Expert warning to savers after Bank of England base rate cut

Savers are told to look beyond the more familiar big banks

The Independent UK

Just nine people decide what happens to UK interest rates - but pressure for change is mounting

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

The Conversation

Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

Bank Of England Cuts Interest Rate By 0.25%

Bank of England's rate cut aims to boost economy amid Brexit uncertainties. Lower rates may impact inflation.

Top News

Bank Of England Expected To Make First Rate Cut Since Pandemic

Central banks globally adjust interest rates to tackle inflation and boost spending amidst economic uncertainties.

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iPhone SE 4 displays could come from a very familiar name

Life's Good if you're supplying OLED displays for the next generation of iPhone SE.

Evening Standard

Interest rate cut likely to be delayed by Bank of England, says former Chancellor Lord Hammond

The Tory peer believes the bank’s Monetary Policy Committee will be concerned about pay rises well above its two per cent inflation target

iMore

Apple has found another supplier to make displays for the iPhone SE 4

LG Display will be Apple's secondary display supplier for the iPhone SE 4.

Evening Standard

Bank of England looks likely to hold interest rates despite inflation drop

City Comment: There is not yet enough evidence that inflation is fully back in its box

The Guardian - UK

What are Rachel Reeves’ spending cuts and how do the sums add up?

Chancellor unveiled series of cuts in response to what she called £22bn in unfunded commitments by Tories

The Independent UK

Mortgage approvals for house purchase steady in June, says Bank of England

The number of mortgage approvals made to home buyers remained at about 60,000 in June, the Bank’s Money and Credit report said.

The Guardian - UK

Fear of a Truss repeat should not deter Reeves from rewriting spending rules

Labour has enough goodwill with City to increase debt if the money is used for key infrastructure

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